BSECompany Update▲ PositiveM&A23 Jun 2026
GTPL Hathway Ltd
Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015 - Acquisition of Cable Television Business of various companies belonging to ACT Group.
GTPL Hathway Ltd has entered into a Business Transfer Agreement to acquire the Cable Television Business of seven ACT Group companies for an aggregate cash consideration of Rs. 36.23 crore. This strategic acquisition, expected to be completed by September 15, 2026, will add approximately 6.00 lakh cable TV subscribers across Andhra Pradesh, Telangana, Orissa, and Karnataka. The acquired businesses had a combined turnover of approximately Rs. 164.29 crore in FY2025-26. This transaction is part of GTPL's expansion strategy, does not involve related parties, and requires no governmental or regulatory approvals.
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